Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 45,987 Shares

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 45,987 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $30.50, for a total transaction of $1,402,603.50. Following the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,226,500. This represents a 38.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Michael Mente also recently made the following trade(s):

• On Friday, January 10th, Michael Mente sold 69,605 shares of Revolve Group stock. The stock was sold at an average price of $29.77, for a total value of $2,072,140.85.
• On Friday, December 20th, Michael Mente sold 62,441 shares of Revolve Group stock. The shares were sold at an average price of $34.20, for a total value of $2,135,482.20.
• On Wednesday, December 18th, Michael Mente sold 76,835 shares of Revolve Group stock. The stock was sold at an average price of $34.14, for a total value of $2,623,146.90.
• On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The shares were sold at an average price of $34.87, for a total value of $3,432,219.23.
• On Monday, December 2nd, Michael Mente sold 90,266 shares of Revolve Group stock. The stock was sold at an average price of $35.80, for a total transaction of $3,231,522.80.
• On Friday, November 22nd, Michael Mente sold 71,463 shares of Revolve Group stock. The stock was sold at an average price of $35.20, for a total transaction of $2,515,497.60.
• On Wednesday, November 20th, Michael Mente sold 73,783 shares of Revolve Group stock. The shares were sold at an average price of $33.41, for a total transaction of $2,465,090.03.
• On Wednesday, November 6th, Michael Mente sold 200,000 shares of Revolve Group stock. The stock was sold at an average price of $31.43, for a total value of $6,286,000.00.
• On Monday, November 4th, Michael Mente sold 20,373 shares of Revolve Group stock. The shares were sold at an average price of $25.95, for a total value of $528,679.35.
• On Thursday, October 17th, Michael Mente sold 48,346 shares of Revolve Group stock. The stock was sold at an average price of $26.32, for a total value of $1,272,466.72.

Revolve Group Trading Down 5.4 %

Revolve Group stock opened at $29.24 on Friday. The firm has a market capitalization of $2.07 billion, a PE ratio of 52.21, a price-to-earnings-growth ratio of 2.34 and a beta of 2.18. Revolve Group, Inc. has a 12-month low of $13.96 and a 12-month high of $39.58. The firm has a 50-day moving average price of $33.98 and a 200-day moving average price of $25.95.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Revolve Group had a return on equity of 10.17% and a net margin of 3.72%. The firm had revenue of $283.15 million for the quarter, compared to analysts’ expectations of $271.08 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts predict that Revolve Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RVLV. XTX Topco Ltd boosted its stake in shares of Revolve Group by 148.4% during the second quarter. XTX Topco Ltd now owns 39,586 shares of the company’s stock valued at $630,000 after purchasing an additional 23,652 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Revolve Group by 46.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 107,148 shares of the company’s stock valued at $2,655,000 after buying an additional 33,812 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in Revolve Group in the 3rd quarter valued at about $2,276,000. Farther Finance Advisors LLC grew its stake in Revolve Group by 249.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after acquiring an additional 804 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Revolve Group during the third quarter worth approximately $1,509,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on RVLV. Robert W. Baird lifted their price objective on shares of Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Barclays upgraded shares of Revolve Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $17.00 to $25.00 in a report on Wednesday, November 6th. TD Cowen increased their price objective on shares of Revolve Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group lifted their target price on Revolve Group from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Roth Mkm reiterated a “buy” rating and issued a $35.00 target price (up from $29.00) on shares of Revolve Group in a research report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Revolve Group currently has a consensus rating of “Moderate Buy” and an average target price of $29.07.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.